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Robyn Denholm has been an independent director on Tesla's nine-member board since 2014.

Tesla Inc said board member Robyn Denholm will replace Elon Musk as its chair, more than a month after the billionaire had to step down as the electric-car maker's chairman as part of a settlement with US regulators. Tesla had until November 13 to name an

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Diwali 2018: SBI allows you to receive simple interest annually or cumulative interest on maturity.

This Diwali you might be thinking of buying physical gold. Financial planners advise that gold investments should form at least 10-15 per cent of your portfolio. But physical gold investments sitting idle

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New Delhi: 

The government aims to sign an initial agreement with Iran this month to settle all their oil trade in rupees through UCO Bank, two official sources said.

"We have to do some paper work. It should be signed as early as possible. We are aiming for this month," one of the sources said.

India, which got a waiver from the latest tougher US

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Arun Jaitley said demonetisation compelled holders of cash to deposit the same in the banks

Finance Minister Arun Jaitley on Thursday said demonetisation resulted in formalisation of economy and increased tax base, prompting the government to earmark more resources for the poor and infrastructure development. In a Facebook post on the second

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CCI has rejected the argument that Flipkart was using its dominant position to favour select sellers

New Delhi: 

The Competition Commission of India (CCI) said Amazon and its rival in the country, the Walmart-owned Flipkart, did not break regulations through their selection of merchants and brands. The decision is a defeat for a lobby group r

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London: 

Bitcoin has experienced one of its worst annual price performances of its short 10-year-old life but also appears to have become more stable in the process.

Volatility of the original and biggest cryptocurrency has sunk to its lowest for nearly two years, with price swings falling lower than increasingly edgy US stocks for more than two

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Ruling came in response to charges that algorithmic pricing model of Uber, Ola amounted to price fixing.

NEW DELHI: Ride-sharing firms Uber and Ola did not break price-fixing rules, the Competition Commission of India (CCI) said in a ruling in response to a complaint about their technological pricing strategy. A case brought by a private individual

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The Sensex rose 7.4% in Samvat 2074 - the year from Diwali 2017 to Diwali 2018

Stock markets jumped as much as 0.9 per cent on Wednesday, in a special trading session to mark the occasion of Diwali 2018. The Samvat 2075 - the year from Diwali 2018 to Diwali 2019 - began with the Sensex rising 310 points to

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The rupee is down more than 14% so far this year

The rupee moved higher by 12 paise against the dollar to close at 73 on Tuesday. Selling of the dollar by exporters along with easing of crude oil prices helped the rupee gain some ground. The rupee rose as much as 14 paise against the dollar during the

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Happy Bhaiya Dooj 2018: Gift your younger sister a Sukanya Samriddhi account.

Amid the ongoing fervor of Diwali and Bhai Dooj, if you're planning a gift for your daughter or younger sister, a Sukanya Samriddhi account could be one of the best options, say experts. The Sukanya Samriddhi Yojana, launched in January 2015, is a deposit scheme for the

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Refiners wanted to offset the impact of rising global oil prices and a weak rupee

New Delhi: 

India's oil imports from Iran in 2018-19 could be higher than the previous year despite the imposition of US sanctions, an analysis of industry data by news agency Reuters shows, forcing the government to rein in purchases in coming months.

The oil imports

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Bank fixed deposits are apt for investors seek a guaranteed return on their investments.

Bank fixed deposits (FDs) are secure fixed-income instruments which offer guaranteed returns. Unlike stocks and mutual funds, fixed deposits offer assured returns because they are unaffected by market volatility. This makes bank fixed deposits apt for investors

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The Samvat 2075 began with the Sensex closing 245 points higher.

Mumbai: 

Stocks and forex markets will remain closed on Thursday for 'Diwali Balipratipada'. Markets registered gains of 0.7 per cent on Wednesday in a special one-hour trading session to mark the Diwali festival. The Samvat 2075 - the year from Diwali 2018 to Diwali 2019 - began with

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Diwali 2018: Samvat 2075 will begin with a 60-minute special trading session on Wednesday

Samvat 2074 or the year from Diwali 2017 to Diwali 2018 has fetched lukewarm returns to investors in the domestic stock markets. BSE and NSE benchmark indices - Sensex and Nifty - gave returns of 7.4 per cent and 3.1 per cent since Diwali 2017 respectively.

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Diwali 2018: BSE will conduct a special trading session on Wednesday on account of the Diwali festival

Domestic stock markets finished Tuesday's session on a mildly higher note, as they gave up most of the gains registered during the session. BSE benchmark index Sensex rose 40 points to end at 34,991, up 0.1

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Senior Citizen Savings Scheme (SCSS) offers an interest of 8.7% per annum with effect from September 1.

This festive season, if you are looking for a gift for your parents, you might want to make them more self-reliant. For this purpose, investing in a financial plan or savings scheme that offers them security might be a good idea. The government

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On Tuesday, rupee strengthened to 72.9950 per dollar, from its previous close of 73.12.

The currency, debt and equities markets are closed on Wednesday and Thursday for a public holiday. However, the stock markets will open on Diwali for Mahurat trading for an hour on Wednesday evening. Trading will resume on Friday.

The Nifty ended up 0.06 per cent

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Globally, gold fell by 0.15 per cent to $1,229.30 an ounce in Singapore.

Gold prices fell by Rs 80 to Rs 32,610 per 10 grams at the bullion market on Tuesday due to easing demand from local jewellers as well as retailers amid weak trend overseas. Silver followed suit and dropped by Rs 240 to Rs 39,300 per kg on poor offtake by industrial units. 

Trad

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Infosys' shares are up almost 30% this year, compared with a 3.1% gain in 2017.

Infosys Ltd. has returned to stability, almost a year after the appointment of a new chief executive ended a tumultuous period at the software and services company. Chairman Nandan Nilekani, speaking on the sidelines of Bloomberg's New Economy Forum in Singapore, said

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Customers failing to meet the AMB requirements in a month have to bear certain penalty charges.

State Bank of India (SBI), ICICI Bank, HDFC Bank, Punjab National Bank (PNB), among other leading banks of the country have fixed their average monthly balance (AMB) requirements according to the location of a customer's savings account in urban, metro,

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Investors warn if Urjit Patel quits it will create uncertainty and undermine the financial markets.

NEW DELHI/MUMBAI: The government intends to keep pressing demands for the country's central bank to relax lending curbs and hand over surplus reserves even if it risks provoking a resignation by the bank's governor, three sources familiar with the

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The Sensex rose 7.4% in Samvat 2074 - the year from Diwali 2017 to Diwali 2018

Stock markets registered gains of 0.7 per cent on Wednesday in a special one-hour trading session to mark the Diwali festival. The Samvat 2075 - the year from Diwali 2018 to Diwali 2019 - began with the Sensex closing 245 points

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Refiners wanted to offset the impact of rising global oil prices and a weak rupee

New Delhi: 

India's oil imports from Iran in 2018-19 could be higher than the previous year despite the imposition of US sanctions, an analysis of industry data by news agency Reuters shows, forcing the government to rein in purchases in coming months.

The oil imports

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FD interest rates of HDFC Bank have been hiked between 0.05%-0.50% across various tenures.

Private sector lender HDFC Bank raised its fixed deposit (FD) interest rates with effect from Tuesday, a day ahead of Diwali. The lender raised FD interest rates across select maturities, according to its website, hdfcbank.com. FD interest rates of HDFC Bank

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New Delhi: 

Gold prices dropped by Rs 210 to Rs 32,400 per 10 grams in a special trading session in the bullion market on Wednesday. Tracking gold, silver too fell by Rs 300 to Rs 39,000 per kg.

Bullion traders said the slide in gold prices was mostly due to absence of worthwhile activity as jewellers and retailers made token purchases to mark the

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Mumbai: 

Benchmark indices ended a highly volatile session in the green on Tuesday on firm Asian cues, ending the Samvat year 2074 higher by over 7 per cent. The benchmark Sensex has gained 2,407.56 points, or 7 per cent, in the Samvat year 2074, while the broader NSE Nifty rose by 319.15 points, or over 3 per cent.

In Tuesday's session, the Sensex

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In the national capital, petrol was sold at Rs 78.42 per litre on Tuesday.

The oil marketing companies (OMCs) marginally slashed fuel rates on Tuesday, a day ahead of Diwali, across the four metro cities. Petrol and diesel prices were cut by 14 paise per litre and 9 paise per litre, respectively, in Delhi. In the national capital, petrol was sold

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Small finance banks offer annual FD returns of 3.5-9.5 per cent on term deposits of up to Rs 1 crore

Many banks currently pay interest rates up to 9.5 per cent on fixed deposits (FDs) - or term deposits of up to Rs 1 crore. While major commercial banks pay interest rates in the range of 3.5-7.9 per cent to customers holding FD accounts with them,

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Customers failing to meet the AMB requirements in a month have to bear certain penalty charges.

State Bank of India (SBI), ICICI Bank, HDFC Bank, Punjab National Bank (PNB), among other leading banks of the country have fixed their average monthly balance (AMB) requirements according to the location of a customer's savings account in urban, metro,

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Rajan commended Acharya for warning of risks stemming from government meddling of RBI affairs.

Former Reserve Bank of India (RBI) Governor Raghuram Rajan defended the central bank's call for greater autonomy from the government, saying ultimately the nation stands to benefit from an independent and robust RBI.

In an interview on CNBC-TV 18 telecast

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